VET Price Analysis June 2022

VET is a coin of the platform VeChain. Its current price is around $0.03253 by the time of writing, with a low of $0.02412, and has a market cap of 2.3 billion dollars.

VeChain will be the first-ever Official Layer 1 Blockchain Partner of UFC, allowing the Foundation to gain unprecedented integration into key UFC assets.

What is VeChain?

VeChain is a public blockchain used to secure data. The value of VeChain tokens derives from the work done by members of their ecosystem as they try to solve real-world business problems. Authority Masternode Operators have the right to upgrade the system according to Foundation governance policy. PROOF OF AUTHORITY maintains compliance in an enterprise environment.

What is VET?

VET is the native coin of the VeChain platform, which is around $0.03253 by the time of writing, with a low of $0.02412. It reached a high of $0.1875, and its current ranking is #32 according to CoinMarketCap, with a market cap of 2.3 billion dollars. 

VET Coin Market Analysis 

VET has a max supply of 86,712,634,466 coins worth around $0.03253 with a market volume of 193 million dollars, whereas the market capitalization is 2.3 billion dollars at writing. 

VET Price Prediction

On the 4H timeframe, the price action of $VET/USDT has formed a double bottom chart pattern, and the price has broken the double bottom neckline. At the same time, the price action is going upward nicely to break the resistance.

Double Bottom Pattern In Vechain(Vet) Price
Double Bottom Pattern in VeChain(VET) Price

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Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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